What $305k doesn't get you in Pioneer...

Here is someone's dream home - but apparently not their dream price. This home was listed 12/06 for $305k. Let's take a look at what you get.

OK, well...let's read the description. There has to be more to it than this with an $1800/month P&I payment + taxes + insurance (roughly $2300/month).

The description says: "Needs new septic & roof, to be done at COE. Many recent upgrades to this comfortable 3&2 incl. new paint,carpet, kitchen counters, vinyl, & slate hearth. Office/hobby has DSL & multi phone lines. Oversized garage has lots of storage, and RV storage next to it."

Oh...DSL...OK, that might make sense. Hmm...

Well, I have seen worse. Let's go inside - you can't always judge a book by its cover.

Or, maybe you can. Holy cow! Is that the new Rose-Dalmatian carpet I've been hearing about? Look at those spots! Is that the carpet upgrade they mentioned above? I'd hate to see what it looked like before. Was it just a cement slab? Well, let's continue on.

By this time, I am sold! What else is needed to start your own home-office? Perhaps we might even consider a home-based realty business.

Well, the tour is over even for the previous note holder - now a foreclosure. It does not appear that anyone scooped up this gem for the aforementioned asking price. The lender is now asking a slightly reduced $279k. Good luck with that.

27226 FORREST OAK RD PIONEER, CA 95666 $273,000